The toxicology services global market is expected to grow at high single digit CAGR to reach $14,343.0 million by 2025

Thursday, November 16, 2017 Research News
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NEW YORK, Nov. 15, 2017 /PRNewswire/ -- The study of adverse effects of chemicals and other biologic substances on living organisms is termed as toxicology.

Read the full report: https://www.reportlinker.com/p05201378The term toxicology is broadly used in various industries such as agrochemical, pharmaceutical, medical devices, cosmetics, and others. Toxicologists are responsible for the

development, implementation, and interpretation of toxicological tests to meet regulatory requirements and data quality standards (e.g., GLPs). According to IQ4I analysis, the toxicology services global market is expected to grow at high single digit CAGR to reach $14,343.0 million by 2025. Mandatory toxicology testing in various industries such as pharmaceutical, agriculture, environmental and chemical, rapid technology advancements, increased demand for crop protection are some of the driving factors for this industry. Increasing trend in outsourcing the toxicology services and increasing end stage drug failures are creating newer opportunities for the market to grow. However, opposition to animal testing in case of in vivo tests and increased funding towards drug repurposing are hindering the market to grow.Toxicology services global market is classified based on methods, industries, endpoint tests, and geography. Based on methods the toxicology services market can be divided into two segments i.e., in vivo, and in vitro. In silico methods have been included in the in vitro segment along with ex vivo methods. Based on industries the segment is further classified as pharmaceutical industry (discovery and preclinical), medical device industry, cosmetics, chemical industry (industrial chemicals, agrochemicals, environmental) and others (consumer goods and food). The endpoints segment can be classified as systemic toxicology, organ toxicology, dermal toxicology, neurotoxicology, ocular toxicology, genotoxicology, developmental and reproductive toxicology, carcinogenicity and ecotoxicology.Based on geography toxicology services global market is classified as North America, Europe, APAC and Rest of the world. North America accounts for the highest market share followed by Europe. The region is backed by huge government funding, mandatory toxicology testing regulations and streamlined toxicology guidelines which makes the volume of tests higher. Particularly in the case of pharmaceutical industry, the research for new drug candidates in on a rise taking a look at the pipeline drugs which makes these regions grow in terms of revenue and market size. However, Asian countries especially China and India are the fastest growing regions with its growing demand for toxicology services products.Major players in toxicology services market include Charles River Laboratories (U.S.), Labcorp (Covance) (U.S.), Envigo (U.S.), MPI Research Inc. (U.S.), Eurofins (Luxembourg), Wuxi (China), SGS (Switzerland), Merck KGaA (Bioreliance Inc.) (Germany), Evotec (Germany), Bureau Veritas (Maxxam) (France).The report provides an in-depth market analysis of the above-mentioned segments across the following regions:North Americao U.S.o Others• Europeo Germanyo U.K.o Franceo Others• Asia-Pacifico Japano Chinao Indiao Others• Rest of the World (RoW)o Brazilo Rest of Latin Americao Middle-East and OthersRead the full report: https://www.reportlinker.com/p05201378 About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________ Contact Clare: [email protected] US: (339)-368-6001 Intl: +1 339-368-6001

View original content:http://www.prnewswire.com/news-releases/the-toxicology-services-global-market-is-expected-to-grow-at-high-single-digit-cagr-to-reach-143430-million-by-2025-300557410.html

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